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5. The goal of the passive portfolio manager is to minimize a. alpha. b. beta. c. standard error. d. tracking error. e. portfolio risk. 6.

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5. The goal of the passive portfolio manager is to minimize a. alpha. b. beta. c. standard error. d. tracking error. e. portfolio risk. 6. All of the following are advantages of ETFs over mutual funds EXCEPT a. The ability for continuous trading while markets are open. b. the ability to time capital gain tax realizations. c. a smaller management fee. d. ETFs can be bought and sold like common stock. e. smaller brokerage commission

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